Intel appeals billion euro fine
Claims European executive 'misinterpreted' evidence
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Chipzilla has appealed against a record €1.06bn ($1.5bn) fine imposed on it by the European Commission in May.
"We believe the European Commission misinterpreted some evidence and ignored other pieces of evidence," Intel spokesman Robert Manetta told Reuters today.
The US chip maker filed the appeal with the Luxembourg-based Court of First Instance, which is Europe's second highest court.
Intel was slapped with the hefty fine following an eight-year long probe into the company's business practices.
The EC, which is the executive arm of the European Union, found Intel guilty of anti-competitive behaviour and fined it over a billion euros in May.
The Commission has ordered the chip giant to refrain from any equivalent practices in the future. It ruled the firm damaged competition by excluding rival AMD from markets. ®
COMMENTS
I hope it was worth 300 Irish jobs
I hope making sure AMD doesn't get screwed by Intel was worth 300 Irish jobs. Well done there, Commissioners. The Law of Unintended Consequences strikes again.
Obviously, an attempt to further Tax American company
If the proceeds went to AMD, then the fine would be more appropriate. In this case, this is yet more sour grapes against an American company that is insanely successful. I really don't care in the sense that I have no love for AMD or Intel, and I have no interest in either company. However, the powers that be in the EU would have a lot more credibility if they'd take their 10% commission and then give the rest of the proceeds to the agrieved party.
Frankly, the complaints against Intel appear to be artificial anyway. Any time there is an incredibly successful company/person, there will always be those who want a piece of their wealth.
Send them to jail
Why can't big companies be sent to jail? Banned from trading. A company is made up of people. The actions of a company are directed by people. If a company had its activity completely frozen, worldwide, stock going nowhere, no goods coming in or out of it, or of third parties fulfilling contracts on their behalf ... then that would hurt the people IN the company that are performing the illegal acts in the first place.
As long as money is coming out of a corporate purse with little direct impact on the people themselves, there is no incentive to not perform illegal market acts.
Something along this nature is the only thing that I think could actually make a difference. I wouldn't like to be the person in a marketing department that could likely be linched by all the people from accountancy, packing, HR, IT, shipping, etc. ... they'd all be very angry people who would have no compunction about handing my innarts to the local vultures. (no offence El Reg)
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